Arcadia Finance Suffers Second Attack, Total Loss Reaches $3.5 Million

In Brief:

New exploit drains $1 million from Arcadia Finance, following a previous $2.5 million attack.

CertiK confirms 319 WETH stolen, bringing total loss to $3.5 million.
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Arcadia Finance has suffered a second major exploit, losing an additional $1 million worth of crypto on July 15, according to security firm CertiK. This brings the platform’s total losses to approximately $3.5 million after two consecutive security breaches.

The latest attack involved the theft of 319 WETH (Wrapped Ether). Arcadia had already been targeted in a previous incident that saw $2.5 million drained from its protocol.

While details of the new vulnerability are still emerging, CertiK is actively monitoring the situation. The repeated exploit raises serious concerns about the platform’s current security infrastructure, prompting calls for a full audit and stronger mitigation strategies.

Arcadia Finance has yet to release an official statement. As investigations continue, users are urged to remain cautious when interacting with the platform.

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